In: Statistics and Probability
year |
quarter |
period |
EMPLOYED INDIVIDUALS (2016-2019) |
|
1 |
1 |
1 |
4169189.0 |
|
1 |
2 |
2 |
4262978.0 |
|
1 |
3 |
3 |
4306669.0 |
|
1 |
4 |
4 |
4310845.0 |
|
2 |
1 |
5 |
4338992.0 |
|
2 |
2 |
6 |
4387124.0 |
|
2 |
3 |
7 |
4372602.0 |
|
2 |
4 |
8 |
4431912.0 |
|
3 |
1 |
9 |
4495638.0 |
|
3 |
2 |
10 |
4520797.0 |
|
3 |
3 |
11 |
4558422.0 |
|
3 |
4 |
12 |
4582166.0 |
|
4 |
1 |
13 |
4648638.0 |
|
4 |
2 |
14 |
4657061.0 |
|
4 |
3 |
15 |
4631183.0 |
|
4 |
4 |
16 |
4715879.0 |
|
Number of people |
With these time series:
Present a line graph for the time series. Describe the time series in terms of the observable components (trend and seasonality).
In the above graph please note that
Period 1 to Period 4 - Year 2016
Period 5 to Period 8 - Year 2017
Period 9 to Period 12 - Year 2018
Period 13 to Period 16 - Year 2019
From the trendline, it is evident that over the 16 periods(4 years) the number of employed individuals increased. This shows a positive trend line.
Regarding the seasonality, we can clearly observe that in every year Quarter 3 shows a decline in the employed individuals compared to Quarter 2.